Key facts
- Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford led the share sale, which brought no new money into Revolut.
- Revolut reported profit margins of 38% on revenue of $6 billion in 2025.
- Revolut Business processes more than £36 billion (about $48.6 billion) in transactions each month, the company told TechCrunch.
- Revolut Business generates more than £950 million (about $1.28 billion) in annualized revenue and holds more than £18 billion (roughly $24.3 billion) in customer deposits, the company said.
- Revolut Business accounts for about 20% of Revolut's gross profit, James Gibson, head of Revolut Business, told TechCrunch.
- Revolut aims to grow its business customer base from over 800,000 to a million by 2027, Gibson said.
Revolut's investors completed a secondary share sale that values the London-based fintech at $115 billion, 53% more than the valuation it reached in another share sale a year earlier, according to a TechCrunch report published November 4, 2026. The sale brought no new money into Revolut, and the company declined to say how much stock was sold. Investors including Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford led the transaction.
Founded in 2015 by Nik Storonsky and Vlad Yatsenko, Revolut has grown from a money-transfer app into a financial services platform with more than 80 million retail customers across over 40 countries. It launched banks in the UK, Mexico, Australia and New Zealand in 2026 and secured banking licenses in France, Colombia and Argentina, the report said. It also began rolling out financial services in India in 2026.
Revolut has received conditional approval from the US Office of the Comptroller of the Currency to establish a national bank, which it plans to launch in the first half of 2027, subject to final regulatory approval. The company reported profit margins of 38% on revenue of $6 billion in 2025.
Its business banking division, launched in 2017, accounts for about 20% of Revolut's gross profit, James Gibson, head of Revolut Business and a partner at the company, told TechCrunch. Available across Europe, the UK, Singapore, Australia, New Zealand and the US, Revolut Business processes more than £36 billion (about $48.6 billion) in transactions each month, including over £1 billion (around $1.35 billion) in the US alone, the company said. The division generates more than £950 million (about $1.28 billion) in annualized revenue and holds more than £18 billion (roughly $24.3 billion) in customer deposits, according to the company.
Nearly half of Revolut Business' new US customers are newly incorporated companies, the company said. Gibson said Revolut is looking to bring business banking to more markets including Mexico, Brazil and India, without specifying timing, and aims to grow its business customer base from over 800,000 to a million by 2027.